Overview
The Investment agreement for the 315MW Neftchala Solar project was reached in October 2023, followed by the signing of Power Purchase Agreements, Transmission Connection Agreements, and Land Lease Agreements.
Masdar broke ground on the Neftchala solar plant at the opening ceremony of Baku Week in June 2024.
Construction is expected to commence in 2025.
Masdar has signed agreements to develop onshore wind and solar projects and integrated offshore wind and green hydrogen projects with a total combined capacity of 4GW in Azerbaijan, with an option to expand the total capacity to 10GW, in support of the country’s aim to generate 30 percent of its energy capacity from renewable power by 2030.
Project Info
Technologies Used
Solar PV
Location
Azerbaijan
Project Completion Year
-
Status
Under development
